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in general a nondisclosure agreement is a contract that allows the owner of intellectual property to impose contractual liability for any disclosure or misappropriation of trade secrets a real estate buyer non-disclosure agreement is a document used to protect certain confidential financial and operating information provided by the property owner or landlord to a buyer or potential buyer when selling or leasing a property a real estate buyer non-disclosure agreement will typically require the buyer to maintain the confidentiality of the information given by the seller regarding the property the real estate buyer non-disclosure agreement sets out the parties names and a description of the property and it also details the type of confidential information to be protected by the non-disclosure agreement